New York attorney general rules DraftKings FanDuel are illegal gambling site

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The New York State attorney general on Tuesdayordered daily fantasy sports industry leadersDraftKings and FanDuelto cease operations within the state, ruling that contests offered by the companiesconstitute illegal gambling under New Yorklaw. The cease-and-desist order was the result of an into behind-the-scenes practices. ADraftKings employee had won $350,000 in a contest on the rival FanDuel site, prompting accusations of insider trading. MORE: | It's the biggest blow to the industry that daily fantasy sports companies must obtain gambling licenses or cease operations.DraftKingsandFanDuelno longer accept bets from Nevada-based players. We are very disappointed that New York Attorney General Eric Schneiderman took such hasty action today, particularly since he did not take any time to understand Rondae Hollis-Jefferson Jersey our busine s or why daily fantasy sports are clearly a game of skill," a DraftKings spokesperson said in a statement."We strongly disagree with the reasoning in his opinion and will examine and vigorously pursue all legal options available to ensure our over half a million customers in New York State can continue to play the fantasy sports games they love." It's not immediately clear how the attorney general's ruling will affectFanDuel, which is headquartered in New York City. In a statement,FanDuelsaid: Fantasy sports is a game of skill and legal under New York state law. This is a politician telling hundreds of thousands of New Yorkers they are not allowed to play a game they love and share with friends, family, co-workers and players acro s the country. Both companies are expected tochallenge the attorney general's decision in court. The daily fantasy sports industry has long contended thatcontests are a game of skill and, therefore, were exempt to a 2006 federal law against preventingonlinewagering. Many states have more stringent laws in place that further blur the line between daily fantasy sports contests and gambling. New York joinsArizona, Montana, Louisiana, Iowa and Washington as statesthat considerDFS games illegal. Georgia and Florida gaming officials are alsoexaminingthe legality of the contests. Vince Carter Jersey

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